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House prices fell in June for the fourth time in seven months amid signs that the market may be starting to cool.

The price of the average UK home fell £1,100, or 0.6 per cent, to £183,462 between May and June, according to Halifax building society. Over the year, prices were still 8.8 per cent higher.

The figures came as separate research by the Royal Institution of Chartered Surveyors suggested that prices would continue to ease this year. Demand has slowed, particularly in London, and the supply of homes for sale has started to pick up.